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This module allows you to analyze existing cross correlation between Exmo Bitcoin USD and Coinroom Bitcoin USD. You can compare the effects of market volatilities on Exmo Bitcoin and Coinroom Bitcoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Exmo Bitcoin with a short position of Coinroom Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Bitcoin and Coinroom Bitcoin.
|Horizon||30 Days Login to change|
|Exmo Bitcoin USD|
Exmo Bitcoin and Coinroom Bitcoin Volatility Contrast
Predicted Return Density
Exmo Bitcoin USD vs. Coinroom Bitcoin USD
Assuming 30 trading days horizon, Exmo Bitcoin USD is expected to generate 1.01 times more return on investment than Coinroom Bitcoin. However, Exmo Bitcoin is 1.01 times more volatile than Coinroom Bitcoin USD. It trades about -0.33 of its potential returns per unit of risk. Coinroom Bitcoin USD is currently generating about -0.35 per unit of risk. If you would invest 669,000 in Exmo Bitcoin USD on November 15, 2018 and sell it today you would lose (342,994) from holding Exmo Bitcoin USD or give up 51.27% of portfolio value over 30 days.
Pair Corralation between Exmo Bitcoin and Coinroom Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Exmo Bitcoin and Coinroom Bitcoin
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Bitcoin USD and Coinroom Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom Bitcoin USD and Exmo Bitcoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Exmo Bitcoin USD are associated (or correlated) with Coinroom Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom Bitcoin USD has no effect on the direction of Exmo Bitcoin i.e. Exmo Bitcoin and Coinroom Bitcoin go up and down completely randomly.